UK Online Gambling Operators Probed for Withdrawal Roadblocks

Written by:
Guest
Published on:
Mar/02/2018

UK watchdog the Competition and Markets Authority (CMA) has launched a probe to determine if online gambling operators are making it too difficult for customers to withdraw their funds. 

An unspecified number of betting firms are being reviewed “in respect of practices that may place unfair obstacles in the way of people withdrawing their money (whether as part of a promotion or not).”.

From CalvinAyre.com:

The CMA expressed particular concern with “unreasonably low” daily, weekly or monthly limits on withdrawing funds, “potentially arbitrary short deadlines” for customers to verify their identity when withdrawing funds and potential forfeiture of said funds if customers fail to respond quickly enough, as well as dormancy terms that allow operators to confiscate funds or impose “apparently excessive charges” due to account inactivity.

The CMA says it will provide consumers with regular updates on the progress of its investigation.

The online gambling affiliate sector has come under the radar of UK authorities of late with the CMA cracking down on bonus offers last month while the UK’s Information Commissioner’s Office (ICO) this week warned of "significant issues” with affiliate marketing, flagging 221 of the 902 websites studied for “further action.”

The operation, which involved nine agencies in five countries, didn’t specifically focus on gambling affiliates, but must be acknowledged given that the ICO has previously warned gambling affiliates to lay off the spam, the CA site pointed out.

- Gilbert Horowitz, Gambling911.com

Gambling News

RI Senate Leader Worries About Casino Staffing for Sports Bets

RI Senate Leader Worries About Casino Staffing for Sports Bets

Rhode Island’s Senate president says there aren’t enough casino staff to take sports bets and he’s concerned about the state losing out on revenue.

Pennsylvania Casino Sees $1.4M in Sports Bets in 2 Weeks

Pennsylvania Casino Sees $1.4M in Sports Bets in 2 Weeks

The first two weeks of legal sports betting in Pennsylvania at a single casino saw just over $1.4 million in bets.

Surprise!  NBA and FanDuel Expand Partnership to Include Sports Betting

Surprise! NBA and FanDuel Expand Partnership to Include Sports Betting

FanDuel will become authorized gaming operator of the NBA

Unibet Enters the US Online Gambling Market

Unibet Enters the US Online Gambling Market

While its parent company entered the New Jersey online gambling market last June, Unibet will be making its debut shortly.

Revenues Dip at Massachusetts and Connecticut Casinos

Gambling revenues have dipped at Massachusetts' casinos for another month.

Syndicate